Tesla is being investigated for securities and wire fraud for self-driving claim

Post by w0m » Wed, May 08, 2024, 3:24 PM UTC

adrr wrote: post #13

chollida1 wrote: post #6

This is about defrauding people who bought a tesla, not investors. > In 2020, Musk told a crowd in Shanghai that he remains “confident” that Tesla will achieve “basic functionality for level five autonomy this year,” referring to the SAE’s rankings of autonomy. Tesla’s technology, in 2024, is still at level 2. This reminds me alot of the Thernos case where she tried to make the case not about fraud but about an overl…

I purchased FSD in 2019 on the promise of self driving. 5 years later and still no self driving. There was also the promise of the car being able to self park. I would be happy if I got my money back for a feature that was never delivered.

Post by mensetmanusman » Wed, May 08, 2024, 3:25 PM UTC

deegles wrote: post #31

animex wrote: post #20

Absolutely. If Martha Stewart went to jail for much less, a certain CEO[1] should be doing some hard time for ludicrous claims over the past 8 years. Some back-of-the-napkin-math: If we focus on the 4m Model 3 (& Y) vehicles sold that had these claims attached and assume that there was a peak uptake rate of 46% declining to 11% as these claims became obviously untrue. On FSD @ an ever-increasing price of $6000-$12000…

This could have been avoided just by calling it "Partial Self Driving" and then everything would be above board.

Post by tromp » Wed, May 08, 2024, 3:26 PM UTC

deegles wrote: post #31

animex wrote: post #20

Absolutely. If Martha Stewart went to jail for much less, a certain CEO[1] should be doing some hard time for ludicrous claims over the past 8 years. Some back-of-the-napkin-math: If we focus on the 4m Model 3 (& Y) vehicles sold that had these claims attached and assume that there was a peak uptake rate of 46% declining to 11% as these claims became obviously untrue. On FSD @ an ever-increasing price of $6000-$12000…

This could have been avoided just by calling it "Partial Self Driving" and then everything would be above board.

Post by ericmay » Wed, May 08, 2024, 3:26 PM UTC

itsoktocry wrote: post #38

animex wrote: post #20

Absolutely. If Martha Stewart went to jail for much less, a certain CEO[1] should be doing some hard time for ludicrous claims over the past 8 years. Some back-of-the-napkin-math: If we focus on the 4m Model 3 (& Y) vehicles sold that had these claims attached and assume that there was a peak uptake rate of 46% declining to 11% as these claims became obviously untrue. On FSD @ an ever-increasing price of $6000-$12000…

> A certain founder should be doing some hard time for ludicrous claims over the past 8 years. I don't think "hard time" is appropriate for white collar crimes. Money is how you speak to these people. Martha Stewart is still worth hundreds of millions of dollars.

Post by ornornor » Wed, May 08, 2024, 3:27 PM UTC

itsoktocry wrote: post #38

animex wrote: post #20

Absolutely. If Martha Stewart went to jail for much less, a certain CEO[1] should be doing some hard time for ludicrous claims over the past 8 years. Some back-of-the-napkin-math: If we focus on the 4m Model 3 (& Y) vehicles sold that had these claims attached and assume that there was a peak uptake rate of 46% declining to 11% as these claims became obviously untrue. On FSD @ an ever-increasing price of $6000-$12000…

> A certain founder should be doing some hard time for ludicrous claims over the past 8 years. I don't think "hard time" is appropriate for white collar crimes. Money is how you speak to these people. Martha Stewart is still worth hundreds of millions of dollars.